The debentures will be listed on the National Stock Exchange of India. The bonds are rated “CARE AAA; Stable” by CARE Ratings and “[ICRA] AAA (Stable)” by ICRA.

Meanwhile, Reserve Bank of India (RBI) has approved the bank’s proposed acquisition of 100% shareholding in ICICI Prudential Pension Funds Management Company (ICICI PFM) from ICICI Prudential Life Insurance Company (ICICI Life), thereby making ICICI PFM a wholly owned subsidiary.

ICICI Bank is the second-largest private sector bank in India offering a diversified portfolio of financial products and services to retail, SME and corporate customers. The Bank has an extensive network of branches, ATMs and other touch-points. The ICICI group has presence in businesses like life and general insurance, housing finance, primary dealership, etc, through its subsidiaries and associates.

The bank’s standalone net profit rose 5.21% to Rs 12,358.89 crore in Q2 FY26 as against Rs 11,745.88 crore posted in Q2 FY25. Total income increased 3.39% year on year (YoY) to Rs 49,333.49 crore in Q2 FY26.

The counter shed 0.24% to settle at Rs 1,388.70 on the BSE.